Swiss bank UBS recently increased its 2026 silver supply deficit forecast to 300 million (M) oz. however there is a much larger real deficit in silver, measured in billions of oz., that is becoming known and contributing to the surge of silver above $60 /oz. Corporate media today are reporting on yesterday’s record surge of silver’s price. These articles typically report that tech demand, expectations of a lower Fed rate, speculative demand, etc. are driving the price of silver. What is not being reported is the actual fundamental scale of the global physical silver supply deficit. For decades since the London ... (full story)